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The primary story from this 12 months’s FOCAC, no less than in accordance with Bloomberg and the Monetary Occasions, is that “debt traps” and “debt issues” prompted China to reduce the dimensions of its monetary help bundle.
The narrative that’s rising in these two publications is that the $40 billion bundle introduced this week is a 3rd lower than the $60 billion dedication made on the earlier two FOCACs in Beijing and Johannesburg, and debt sustainability is the primary cause for the curtailment.
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